Afreximbank, UN World Food Programme Egypt discuss cooperation, food security

Afreximbank and the United Nations World Food Programme (WFP Egypt) have discussed cooperation in Smart Agriculture, Green Energy, Value Chain, Financial Inclusion and Impact Investment.

Praveen Agrawal, the UN World Food Programme Representative and Country Director in Egypt, and Benedict Oramah, President of Afreximbank, will have a series of meetings before COP27 to discuss collaboration to achieve food security by promoting sustainable, scalable and replicable economic models.

Mayar El-Kheshen, head of Special Projects, United Nations World Food Programme, said during the AfriCaribbean 2022 Forum that the forum materialised various private and financial sector engagements yielding multiple value chains gates for Egypt. This is to manifest its human and natural resources into a bundle of socio-economic packages provided to the African population.

Afreximbank and WFP will implement development projects in SMEs, Smart Agriculture, Green Energy, Contractual Farming and Green Finance presenting a model that can be adopted in Egypt and other African countries.

Afreximbank and WFP support South-South collaboration in the region by effecting various financial inclusion schemes to decrease the parallel economy leakages and stream it into the official economy, achieving food security and climate change.